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Greif, Inc. Joins the Alliance to End Plastic Waste

New partnership further demonstrates Greif’s commitment to circularity and a continuous improvement approach to environmental and social responsibility

PR Newswire

DELAWARE, Ohio, Sept. 21, 2021 /PRNewswire/ — Greif, Inc. (NYSE: GEF, GEF.B), a global leader in industrial packaging products and services, announced today it has joined the Alliance to End Plastic Waste (AEPW), a global non-profit organization consisting of over 50 companies committed to ending plastic waste in the environment and protecting the planet.  

“As a leader in industrial packaging, we recognize the responsibility we have to reduce the environmental impact of our products and operations and contribute towards a more circular economy,” said Ole Rosgaard, Greif’s Chief Operating Officer. “We are excited to join other like-minded companies as a member of the AEPW. Through open collaboration and leadership provided by the AEPW, we can advance the need for more sustainable packaging and tackle some of the world’s most pressing issues. I look forward to working closely with other AEPW members to advance our shared ambitions and contribute to more sustainable outcomes.”

The AEPW consists of member companies and supporters representing companies and organizations from across the plastic value chain. They partner with government, environmental and non-governmental organizations around the world to address the challenge of ending plastic waste in the environment. Through programs and partnerships, the AEPW focuses on solutions in four strategic areas: infrastructure, innovation, education and engagement, as well as environmental clean-up.

Jacob Duer, President and Chief Executive Officer of the Alliance said: “As the issue of plastic waste moves up in the global sustainability agenda, our mission to develop, deploy and scale solutions to end plastic waste in the environment is more relevant than ever before. Strengthening participation across the plastics value chain with members like Greif will help accelerate our collective efforts. Together, we can work towards helping to create a more sustainable future and I look forward to a fruitful partnership.”

About Greif, Inc.
Greif is a global leader in industrial packaging products and services and is pursuing its vision: In industrial packaging, be the best performing customer service company in the world. The Company produces steel, plastic and fibre drums, intermediate bulk containers, reconditioned containers, flexible products, containerboard, uncoated recycled paperboard, coated recycled paperboard, tubes and cores and a diverse mix of specialty products. The Company also manufactures packaging accessories and provides filling, packaging and other services for a wide range of industries. In addition, Greif manages timber properties in the southeastern United States. The Company is strategically positioned in over 40 countries to serve global as well as regional customers. Additional information is on the Company’s website at www.greif.com.

Contact:
Matt Eichmann
740-549-6067
[email protected]

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SOURCE Greif, Inc.

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Etsy Announces the Appointment of Andy Ballard to its Board of Directors

PR Newswire

BROOKLYN, N.Y., Sept. 21, 2021 /PRNewswire/ — Etsy, Inc. (Nasdaq: ETSY), which operates two-sided online marketplaces that connect millions of passionate and creative buyers and sellers around the world, today announced that its Board of Directors has appointed Andy Ballard to the company’s Board, effective September 30, 2021. Etsy also announced that Edith Cooper has resigned from the Board to focus on other commitments, effective September 14, 2021.

Andy is currently the CEO of Wiser Solutions, which enables brands and retailers to harness the power of data to drive better decisions to serve their customers. Over the course of his nearly three-decade career he has held leadership positions across the technology, media, and finance industries.

Josh Silverman, Etsy’s Chief Executive Officer, commented, “I am delighted to welcome Andy to Etsy’s Board of Directors. Andy is a seasoned leader whose technology and management expertise complements the skillset of our existing board. He is passionate about empowering our community of more than 5 million sellers as well as advancing our efforts to nurture a diverse and inclusive workforce and marketplace.”

Andy Ballard commented, “Etsy’s track record over the past several years speaks for itself, and I am excited to work with the talented team and Board to support the continued growth of a company that has an incredibly powerful mission, beloved brand and vibrant community, and is a known leader when it comes to leveraging business to drive social good.”

Josh added, “I’d also like to extend a heartfelt thank you to Edith. Since joining the Board in 2018, her expert counsel and contributions have helped Etsy navigate a period of transformative growth. We wish her the best in her future endeavors.”

About Andy Ballard

Andy currently serves as the Chief Executive Officer and Co-Founder of Wiser Solutions, Inc., a software and data company. He is the founder and managing partner of Figtree Partners, an investment firm focused on software and technology. Andy was previously a senior advisor and managing director at the private equity firm Hellman & Friedman LLC. Earlier in his career, he worked at Bain Capital, LLC and Bain & Company, Inc. Andy currently serves on the Board of Directors of Domino’s Pizza, Inc., CrossFit, Datacor, Inc., and Zignal Labs. He’s previously served on the board of Activant Solutions Inc., Catalina Marketing Corporation, DoubleClick Inc., Getty Images, Inc., Internet Brands, Inc. and Vertafore, Inc.

About Etsy

Etsy, Inc. operates two-sided online marketplaces that connect millions of passionate and creative buyers and sellers around the world. These marketplaces share a mission to “Keep Commerce Human,” and we’re committed to using the power of business to strengthen communities and empower people. Our primary marketplace, Etsy.com, is the global destination for unique and creative goods. Buyers come to Etsy to be inspired and delighted by items that are crafted and curated by creative entrepreneurs. For sellers, we offer a range of tools and services that address key business needs.

Etsy, Inc.’s “House of Brands” portfolio also includes fashion resale marketplace Depop, musical instrument marketplace Reverb, and Brazil-based handmade goods marketplace Elo7. Each Etsy, Inc. marketplace operates independently, while benefiting from shared expertise in product, marketing, technology, and customer support.

Etsy was founded in 2005 and is headquartered in Brooklyn, New York.

Etsy has used, and intends to continue using, its Investor Relations website and the Etsy News Blog (blog.etsy.com/news) to disclose material non-public information and to comply with its disclosure obligations under Regulation FD. Accordingly, you should monitor our investor relations website and the Etsy News Blog in addition to following our press releases, SEC filings, and public conference calls and webcasts.

Investor Relations Contact:

Deb Wasser, Vice President, Investor Relations & ESG Engagement and Gabe Ratcliff, Director of Investor Relations

[email protected]

Media Relations Contact:

Kelly Clausen, Senior Director, Corporate Communications and Partnerships

[email protected]

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SOURCE Etsy, Inc.

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Bank of America Introduces Enhanced Capabilities to Intelligent Receivables Solution

Improvements Provide Companies the Ability to Customize the Solution for local market needs

PR Newswire

HONG KONG, Sept. 21, 2021 /PRNewswire/ — Bank of America has introduced an enhanced set of capabilities to its Intelligent Receivables solution, allowing clients to process payments and remittance data from local payment instruments in Simplified Chinese, Traditional Chinese, Korean and Thai language, in addition to English.

Launched globally in 2017, Intelligent Receivables is now available in all 12 markets1 where Bank of America operates across Asia Pacific, in addition to New Zealand2.

Intelligent Receivables is a comprehensive receivables matching service powered by artificial intelligence and machine learning technologies. It organizes incoming payment information and associated remittance details from various payment channels and sources, then matches these payments to open invoices. With nearly 100% data capture capability, the solution is able to send enriched payment information more frequently, allowing for more timely and accurate matching of payments and invoices for corporate clients.

“These latest enhancements to Intelligent Receivables are the natural evolution in the rapid migration towards a comprehensive technology-based solution that meets the unique needs of our clients who are operating in the diverse local markets across Asia Pacific,” said Venkat ES, head of Asia Treasury Product, Global Transaction Services. “They provide for great accuracy, cost efficiencies and the ability to redirect precious resources towards revenue generating activities.”

The development of the local-language and local channel recognition capabilities follow on from last year’s data deduction enhancement. Utilizing machine learning and pattern recognition, Intelligent Deductions3 captures deduction data (partial payments or claims) from payments received. It then matches and validates this information, resulting in more precise and rapid resolutions of claims and increasing recovery of payments owed.

“In Asia, many large companies with complex operations are still faced with the challenge of manually reconciling payments with open invoices. This is both time consuming and inaccurate. With these enhancements, we are providing our clients tailored solutions to meet their needs, including local language capabilities, and the ability to process transactions from local payment instruments such as the electronic bankers’ acceptance draft (eBAD) in China and promissory notes in Korea,” said Babu Vaidyanathan, head of Asia Receivables, Global Transaction Services. “In short, we are enabling them to enjoy the benefits of a fully automated reconciliation process despite operating in a diverse set of markets.”

The Intelligent Receivables solution also offers other benefits including:

  • A global footprint enabling companies to implement this solution internationally including 13 locations in Asia Pacific (including New Zealand).
  • Fully integrated with Bank of America CashPro platform, allowing companies to access through a single sign-in.
  • Additional analytics module allowing companies to understand their customers’ payment trends.
  • Bank agnostic features enabling companies to integrate it with their current platforms smoothly.
  • High security standards for data protection.
  • Intelligent Deductions module integrated within the solution and easily activated to provide a fully automated end-to-end reconciliation process.

Bank of America
Bank of America is one of the world’s leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 66 million consumer and small business clients with approximately 4,300 retail financial centers, approximately 17,000 ATMs, and award-winning digital banking with approximately 41 million active users, including approximately 32 million mobile users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 3 million small business households through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and approximately 35 countries. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.

For more Bank of America news, including dividend announcements and other important information, visit the Bank of America newsroom and register for news email alerts.

Reporters may contact:
Bellerina Yeo, Bank of America        
Phone: 65.6678.3706
[email protected]


1


 
Australia, China, Hong Kong, India, Indonesia, Japan, Malaysia, the Philippines, South Korea, Singapore, Taiwan and Thailand


2

 Offered via correspondent banks operating in New Zealand


3

 
Currently available in Australia, China, South Korea, India, Indonesia and Taiwan.

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SOURCE Bank of America Corporation

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Vertical and Bristow partner to electrify helicopter market for a new era in vertical transport

– Vertical has developed the VA-X4, a piloted electric, zero carbon operating emissions, vertical take-off and landing (eVTOL) aircraft capable of carrying four passengers with a top speed of up to 200 mph (174 knots) and a range of 100+ miles (161+ kilometres)

– Bristow will lend its 70+ years of transport expertise to identify efforts towards regulatory certification, infrastructure and environmental requirements for the VA-X4

– Companies will explore commercial taxi flights in new and emerging markets for Bristow operations using the Vertical VA-X4 aircraft in various geographic locations

– Vertical expects to deliver 25 eVTOL aircraft to Bristow initially with the option for another 25 aircraft

PR Newswire

HOUSTON and BRISTOL, England, Sept. 21, 2021 /PRNewswire/ — Bristow Group Inc. (NYSE: VTOL), the world’s leading global provider of vertical flight solutions to government and civil organizations, and Vertical Aerospace Group Ltd (“Vertical”), a British engineering and aeronautical business pioneering zero-emissions aviation, today announced a Memorandum of Understanding (MOU) under which the two firms will cooperate on the certification, operational planning and potential purchase of up to 50 eVTOL aircraft. 

Bristow’s pre-order of 25 aircraft, along with the option for an additional 25, builds on Vertical’s world-leading pre-order book of up to 1,000 aircraft. Along with conditional pre-orders from American Airlines, Virgin Atlantic and Avolon, this announcement illustrates the sector-wide confidence in Vertical as a leading designer and manufacturer of eVTOL aircraft: the VA-X4. Vertical’s four-passenger, one pilot VA-X4 is expected to have speeds of up to 200 mph (174 knots), a range of more than 100 miles (161+ kilometres), near silent when in flight with zero emissions and low cost per passenger mile.

“Our MOU with Vertical allows us to build upon our leadership position in the vertical transportation market for the past 70+ years and now sets the stage for the disruptive advantages of the VA-X4 with its zero carbon emissions and low operating costs for passenger transport. Our expansion into these new and existing geographic markets with sustainable, innovative and efficient vertical lift and aerial transport services will offer passengers superior regional air mobility solutions,” said Bristow President and Chief Executive Officer Chris Bradshaw. “As the global leader in vertical lift, Bristow’s operational expertise and efficiency, supported by the trust and confidence of our customers, can safely bring eVTOL aircraft into the market.”

“Bristow’s global expertise and reach means it is the perfect partner for Vertical as we seek to pioneer the transition to zero emissions flight. We look forward to working with Bristow and accelerating the commercial operation of eVTOLs,” said Stephen Fitzpatrick, Founder and CEO of Vertical Aerospace.

Under the MOU, the two companies have agreed to develop a joint working group to collaborate on the following areas: regulatory and airspace; demand, fleet size, spare parts and infrastructure; potential customers; and public acceptance and environmental requirements.

Forward Looking Statements Disclosure

This press release contains “forward-looking statements.” Forward-looking statements represent Bristow Group Inc.’s (the “Company”) current expectations or forecasts of future events. Forward-looking statements generally can be identified by the use of forward-looking terminology such as “may,” “will,” “expect,” “intend,” “estimate,” “anticipate,” “believe,” “project,” or “continue,” or other similar words. These statements are made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, reflect management’s current views with respect to future events and therefore are subject to significant risks and uncertainties, both known and unknown. Without limiting the generality of the foregoing, such forward-looking statements include statements regarding the capabilities, development, certification, marketing, and future operations of Vertical’s VA-X4, the Company’s purchase of aircraft from Vertical, and the anticipated benefits of the collaboration between the Company and Vertical. The Company’s actual results may vary materially from those anticipated in forward-looking statements.

The Company disclaims any obligation or undertaking to provide any updates or revisions to any forward-looking statement to reflect any change in the Company’s expectations or any change in events, conditions or circumstances on which the forward-looking statement is based that occur after the date hereof. You should not place undue reliance on our forward-looking statements because the matters they describe are subject to known and unknown risks, uncertainties and other unpredictable factors, many of which are beyond our control. Our forward-looking statements are based on the information currently available to us and speak only as of the date hereof. New risks and uncertainties arise from time to time, and it is impossible for us to predict these matters or how they may affect us. We have included important factors in the section entitled “Risk Factors” in the Company’s Annual Report on Form 10-K for the fiscal year ended March 31, 2021 (the “Annual Report”) which we believe over time, could cause our actual results, performance or achievements to differ from the anticipated results, performance or achievements that are expressed or implied by our forward-looking statements. You should consider all risks and uncertainties disclosed in the Annual Report and in our filings with the United States Securities and Exchange Commission (the “SEC”), all of which are accessible on the SEC’s website at www.sec.gov.

About Bristow Group

Bristow Group Inc. is the leading global provider of innovative and sustainable vertical flight solutions. Bristow primarily provides aviation services to a broad base of major integrated, national and independent offshore energy companies. Bristow provides commercial search and rescue (SAR) services in several countries and public sector SAR services in the United Kingdom (U.K.) on behalf of the Maritime & Coastguard Agency (MCA). Additionally, the Company offers ad hoc helicopter and fixed wing transportation services. Bristow currently has customers in Australia, Brazil, Canada, Chile, Colombia, Guyana, India, Mexico, Nigeria, Norway, Spain, Suriname, Trinidad, the U.K. and the U.S. To learn more, visit our website at www.bristowgroup.com.

About Vertical Aerospace

Vertical Aerospace is pioneering electric aviation. The company was founded in 2016 by Stephen Fitzpatrick, an established entrepreneur best known as the founder of the Ovo Group, a leading energy group and Europe’s largest independent energy retailer. Over the past five years, Vertical has focused on building the most experienced and senior team in the eVTOL industry, who have over 1,200 combined years of experience, and have certified and supported over 30 different civil and military aircraft and propulsion systems.

Vertical’s unrivalled top-tier partner ecosystem is expected to de-risk operational execution and its pathway to certification, allow for a lean cost structure, and enable production at scale. Vertical has received conditional pre-orders for over 1,000 aircraft from American Airlines and Avolon, including a pre-order option from Virgin Atlantic and in doing so is creating multiple near term and actionable routes to market. Find out more, visit our website at https://www.vertical-aerospace.com.

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SOURCE Bristow Group

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People’s United Bank Sees 15x Annualized ROI from Site Search Integration between Yext, Virtusa, and Adobe

Virtusa’s integration of Yext and Adobe Experience Manager resulted in reduced support costs and increased lead generation for the CT-based bank.

PR Newswire

NEW YORK, Sept. 21, 2021 /PRNewswire/ — Yext, Inc. (NYSE: YEXT), the AI Search Company, today announced results from the company’s collaboration with Virtusa and Adobe to modernize the customer experience for People’s United Financial, Inc.

As consumer behavior changed as a result of the pandemic, People’s United focused on further enhancing its many digital banking channels to ensure customers continued to receive personalized experiences. Having recently redesigned its website with Adobe Experience Manager, People’s United turned to Virtusa’s Launchpad platform to integrate Answers, Yext’s site search solution. As a Yext Alliances Partner, Virtusa was able to seamlessly implement and replace the bank’s basic, out-of-the-box search experience. Once completed, Yext, an Adobe Premier Partner, worked with Adobe to improve the bank’s new search functionality by adding information about locations, FAQs, and products.

With these integrations, People’s United was able to answer customers’ direct, natural language questions right on its website, alleviating the burden on its support centers and increasing lead generation. The launch of Yext Answers assisted in about a 50% and as much as 70% reduction in unnecessary support call volume in the months following its launch compared to the months before. By integrating locations into the Yext search experience with Adobe AEM, People’s United saw an estimated 15x annualized return on investment (ROI) on the platform — a number that rose to 35x annualized ROI when including locations, FAQs, and products.

“One lesson learned during the peak of the pandemic was how essential it is to have an intuitive, informative web experience,” said James Roy, Head of Digital at People’s United Bank. “We saw a lot of inbound inquiries and asked ourselves, ‘How do we rapidly enhance our service journeys to provide really great ongoing customer support?’ Working with Virtusa, Adobe, and Yext seemed like such a complementary approach to this challenge, and we’ve already seen some pretty impressive results — from an uptick in search volume to one-stop searches where people actually find what they need the first time around.”

Shane Closser, Head of Industry for Financial Services at Yext, added, “Yext, Adobe, and Virtusa’s success with People’s United Bank showcases the benefits that companies in financial services can reap just by providing customers with a consistent, intuitive search experience. By enabling people to easily find the information they’re looking for, especially with the rise of online and mobile banking, banks have the ability to improve their returns — even during a pandemic.”


Learn more about the collaboration between People’s United Bank, Yext, Adobe, and Virtusa.

About Yext


Yext
 (NYSE: YEXT) is the AI Search Company and is on a mission to transform the enterprise with AI search.

With the explosion of information and data online, search has never been more important. However, while the world of consumer search has innovated over time, enterprise search has not. In fact, the majority of enterprise search is powered by outdated keyword search technology that only scans for keywords and delivers a list of hyperlinks rather than actually answering questions.

Yext, the AI Search Company, offers a modern, AI-powered Answers Platform that understands natural language so that when people ask questions about a business online they get direct answers – not links.

Brands like Verizon, Vanguard, Subway and Marriott — as well as organizations like the U.S. State Department and World Health Organization — trust Yext to radically improve their business with answers-led AI search.

About Virtusa
Virtusa Corporation is a global provider of digital business strategy, digital engineering, and information technology (IT) services and solutions that help clients change, disrupt, and unlock new value through innovation engineering. Virtusa serves Global 2000 companies in Banking, Financial Services, Insurance, Healthcare, Communications, Media, Entertainment, Travel, Manufacturing, and Technology industries.

Virtusa helps clients grow their business with innovative products and services that create operational efficiency using digital labor, future-proof operational and IT platforms, and rationalization and modernization of IT applications infrastructure. This is achieved through a unique approach blending deep contextual expertise, empowered agile teams, and measurably better engineering to create holistic solutions that drive business forward at unparalleled velocity enabled by a culture of cooperative disruption.

Virtusa is a registered trademark of Virtusa Corporation.  All other company and brand names may be trademarks or service marks of their respective holders.

About People’s United Bank
People’s United Bank, N.A. is a subsidiary of People’s United Financial, Inc., a diversified, community-focused financial services company headquartered in the Northeast with more than $63 billion in assets. Founded in 1842, People’s United Bank offers commercial and retail banking through a network of over 400 retail locations in Connecticut, New York, Massachusetts, Vermont, New Hampshire and Maine, as well as wealth management solutions. The company also provides specialized commercial services to customers nationwide.

CONTACT: Amanda Kontor, [email protected]

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SOURCE Yext, Inc.

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Government of Canada Selects Ceridian to Deliver the Next Generation HR and Pay Pilot

TORONTO, Sept. 21, 2021 (GLOBE NEWSWIRE) — Ceridian (NYSE: CDAY; TSX: CDAY), a global leader in human capital management (HCM) technology, today announced it has been selected to deliver the design and experimentation phase of the Next Generation Human Resources and Pay pilot by the Government of Canada. Ceridian will work with the Government of Canada to co-design and deliver intelligent HR and pay solutions for the federal public service.

“With our global leadership in human capital management, complemented by our deep and longstanding commitment to Canada, we are in a unique position to support Canada’s digital-first vision for modern, mobile, and accessible HR and pay processes,” said David Ossip, Chairman and CEO, Ceridian. “We look forward to continuing our work with the Government of Canada, unions, and employees by providing our intelligent HR and payroll solutions to our hard-working federal public servants.”

Driven by an intelligent approach to HCM, Ceridian will help the Government of Canada deliver accurate, compliant, and always-on HR and pay solutions for public service employees. The flexibility of the Dayforce platform will help federal departments and agencies adapt to complex, changing legislative requirements while implementing their own unique organizational policies around HR and pay.

“Today’s announcement builds on our tremendous momentum in the Public Sector, and reflects our proven ability to deliver scalable technologies that reduce compliance complexities and risk, while creating engaging employee experiences,” said Ossip.

About Ceridian

Ceridian. Makes Work Life Better™.

Ceridian is a global human capital management software company. Dayforce, our flagship cloud HCM platform, provides human resources, payroll, benefits, workforce management, and talent management functionality. Our platform is used to optimize management of the entire employee lifecycle, including attracting, engaging, paying, deploying, and developing people. Ceridian has solutions for organizations of all sizes. Visit Ceridian.com or follow us @Ceridian.

Forward-Looking Statement and Risk Factors

This press release contains forward-looking statements that involve a number of risks and uncertainties. Statements that are not historical facts, and our expectations, hopes, intentions or strategies regarding the future are forward-looking statements. Forward-looking statements are based on management’s beliefs, as well as assumptions made by, and information currently available to, management. Because such statements are based on expectations as to the future and are not statements of fact, actual results may differ materially from those projected. We undertake no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

This press release should be read in conjunction with the risks detailed in the “Cautionary Note Regarding Forward-Looking Information,” “Forward-Looking Statement”, “Risk Factors” and other sections of Ceridian’s Quarterly Reports on Form 10-Q, Annual Reports on Form 10-K and other filings with the Securities and Exchange Commission.

Media Contact:

Teri Murphy
[email protected]
647-417-2117



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Lyra Therapeutics Announces Publication of Positive LANTERN Results in the International Forum of Allergy & Rhinology

LYR-210 is the First Drug-Eluting Product Candidate to Demonstrate Statistically Significant Symptom Improvement for Six Months with a Single Administration in Surgically Naïve Chronic Rhinosinusitis Patients

Company to Initiate Phase 3 ENLIGHTEN Program around YE’21

WATERTOWN, Mass., Sept. 21, 2021 (GLOBE NEWSWIRE) — Lyra Therapeutics, Inc. (Nasdaq: LYRA), a clinical-stage therapeutics company leveraging its proprietary XTreo™ platform to enable precise, sustained, and local delivery of medications to the ear, nose and throat (ENT) passages and other diseased tissues, today announced that the positive results of the Company’s Phase 2 LANTERN study of LYR-210 were published online in the peer-review journal, International Forum of Allergy & Rhinology. The manuscript titled, “Long-acting implantable corticosteroid matrix for chronic rhinosinusitis: Results of LANTERN Phase 2 randomized controlled study,” can be accessed online here.

The LANTERN study evaluated the safety and efficacy of LYR-210 in surgically naïve CRS patients who had failed previous medical management. LYR-210 (7500 µg) was shown to be safe and well-tolerated over the 24-week treatment period and demonstrated statistically significant, rapid, durable, dose-dependent global symptom improvement based on composite Cardinal Symptoms (CS) scores and Sino-Nasal Outcome Test (SNOT-22).

“LYR-210 is the first and only CRS treatment candidate for surgically naïve CRS patients to demonstrate statistically significant and clinically meaningful global symptom improvement based on SNOT-22, the most widely used tool for the measurement of sinonasal symptoms, with results sustained for six months from a single, non-invasive, in-office administration,” said Robert Kern, MD, Chief Medical Officer of Lyra Therapeutics. “With 4 million patients failing medical management annually, chronic rhinosinusitis is described in the literature as an ‘unrecognized epidemic’ due to its high prevalence, substantial impact on patient quality of life, and significant limitations of treatment options.1 ENTs are eager for new options to help their CRS patients who have failed medical management but want to avoid surgery. I believe that LYR-210 has the potential to completely transform the CRS treatment paradigm.”

“LYR-210 is built upon Lyra’s proprietary XTreo™ platform, which delivers the right drug to the right place for the right amount of time. By delivering a consistent daily dose of the anti-inflammatory medication mometasone furoate directly to the sinonasal tissues continuously for six months, LYR-210 has shown robust CRS symptom improvement. Our upcoming Phase 3 ENLIGHTEN program will be designed to further demonstrate LYR-210’s potential to provide a meaningful improvement in the lives of the millions of CRS patients, especially those without polyps who currently have no approved treatment options,” said Maria Palasis, PhD, President and Chief Executive Officer of Lyra Therapeutics.

LANTERN Study Results

The Phase 2, multicenter, blinded, randomized, controlled, dose-ranging study evaluated the safety and efficacy of LYR-210 (2500 µg) and LYR-210 (7500 µg) in 67 surgically naïve adult CRS patients who had failed previous medical management. Both LYR-210 doses were safe and well-tolerated over the 24-week treatment period. LYR-210 (7500 μg) demonstrated rapid, durable, dose-dependent, global symptom improvement, achieving statistical significance as early as 8 weeks and out to 24 weeks compared with control. Key results include:

  • Rapid, durable and clinically meaningful symptom improvement by SNOT-22
    • Greater than 2-fold the MCID of 8.9 points relative to control at 24 weeks
    • 70% of patients in the 7500 µg group improved MCID at week 4; 100% by week 24
  • Statistically significant improvement of composite of 3 Cardinal Symptoms (nasal blockage, facial pain/pressure, nasal discharge) at 24 weeks
  • 24-week benefit from single administration
  • Showed benefit in both polyp and non-polyp patients
  • Reduced rescue treatment use and radiographic ethmoid opacification at week 24

About LYR-210 for Chronic Rhinosinusitis

LYR-210 is an investigational product candidate that utilizes Lyra’s proprietary XTreoTM platform to enable six months of local, intra-nasal, anti-inflammatory therapy from a single administration for chronic rhinosinusitis (CRS). LYR-210 is designed as a non-invasive alternative to sinus surgery for the millions of CRS patients who have failed medical management. It is a bioresorbable polymeric matrix administered in a brief, non-invasive, in-office procedure and is intended to deliver up to six months of continuous mometasone furoate drug therapy to the sinonasal passages. In the LANTERN Phase 2 study, LYR-210 (7500mcg) demonstrated rapid, clinically meaningful and durable symptom improvement as measured by the SNOT-22 score and a cardinal symptom score over six months. There are approximately 14 million patients with CRS in the US, approximately 4 million of whom fail current standard of care medical management.

About Lyra Therapeutics 

Lyra Therapeutics, Inc. is a clinical-stage therapeutics company leveraging its proprietary XTreo™ platform to enable precise, sustained, local delivery of medications to diseased tissues not accessible with conventional therapeutic approaches. Lyra’s XTreo™ platform is comprised of a biocompatible mesh scaffold, an engineered elastomeric matrix and a versatile polymer-drug complex. The company’s current pipeline of therapeutics target tissues deep in the ear, nose and throat passages and are designed to deliver continuous drug therapy for up to six months following a single non-invasive, in-office administration. Lyra’s lead product candidate, LYR-210, is entering Phase 3 clinical development for the treatment of chronic rhinosinusitis (CRS) as an alternative to primary sinus surgery. Lyra’s second product candidate, LYR-220, is entering Phase 2 development and is designed to be an alternative to revision CRS sinus surgery and post-surgical medical management. For more information, please visit www.lyratherapeutics.com and follow us on LinkedIn and Twitter.

Forward-Looking Statement

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including statements regarding the company’s clinical advancement and efficacy of LYR-210 for the treatment of CRS and our expectations regarding the
upcoming Phase 3 ENLIGHTEN program
. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause the company’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to, the following: the fact that the company has incurred significant losses since inception and expects to incur losses for the foreseeable future; the company’s need for additional funding, which may not be available; the company’s limited operating history; the fact that the company has no approved products; the fact that the company’s product candidates are in various stages of development; our the fact that the company may not be successful in its efforts to identify and successfully commercialize its product candidates; the fact that clinical trials required for the company’s product candidates are expensive and time-consuming, and their outcome is uncertain; the fact that the FDA may not conclude that certain of the company’s product candidates satisfy the requirements for the Section 505(b)(2) regulatory approval pathway; the company’s inability to obtain required regulatory approvals; effects of recently enacted and future legislation; the possibility of system failures or security breaches; effects of significant competition; the fact that the successful commercialization of the company’s product candidates will depend in part on the extent to which governmental authorities and health insurers establish coverage, adequate reimbursement levels and pricing policies; failure to achieve market acceptance; product liability lawsuits; the fact that the company relies on third parties for the manufacture of materials for its research programs, pre-clinical studies and clinical trials; the company’s reliance on third parties to conduct its preclinical studies and clinical trials; the company’s inability to succeed in establishing and maintaining collaborative relationships; the company’s reliance on certain suppliers critical to its production; failure to obtain and maintain or adequately protect the company’s intellectual property rights; failure to retain key personnel or to recruit qualified personnel; difficulties in managing the company’s growth; effects of natural disasters; the fact that the global pandemic caused by COVID-19 could adversely impact the company’s business and operations, including the company’s clinical trials; the fact that the price of the company’s common stock may be volatile and fluctuate substantially; significant costs and required management time as a result of operating as a public company and any securities class action litigation. These and other important factors discussed under the caption “Risk Factors” in the company’s Quarterly Report on Form 10-Q filed with the SEC on August 9, 2021 and its other filings with the SEC could cause actual results to differ materially from those indicated by the forward-looking statements made in this press release. Any such forward-looking statements represent management’s estimates as of the date of this press release. While the company may elect to update such forward-looking statements at some point in the future, it disclaims any obligation to do so, even if subsequent events cause its views to change.

Media Contact:

Kathryn Morris
914-204-6412
[email protected]

Investor Contact:

Argot Partners
212-600-1902
[email protected]

1 Tan BK, Kern RC, Schleimer RP, Schwartz BS. Chronic rhinosinusitis: the unrecognized epidemic. Am J Respir Crit Care Med. 2013; 188: 1275- 1277.



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Versus Systems, represented by L5 Innovations, Will Power Fan Engagement at 2021 Military Bowl presented by Peraton

Fans of the Military Bowl, at home or in-stadium, will be able to play games, earn points and compete for leaderboard rankings to win prizes

LOS ANGELES, Sept. 21, 2021 (GLOBE NEWSWIRE) — Versus Systems Inc. (“Versus” or the “Company”) (Nasdaq: VS) announced today that the company will bring new and unique fan engagement opportunities through its mobile web-based fan engagement and rewards platform to fans of the Military Bowl.

The Military Bowl’s experience, powered by Versus Systems, will offer fans the opportunity to engage in exclusive content, trivia, and arcade games for prizes before, during, and after official events.

The 2021 Military Bowl presented by Peraton, benefiting the USO will be held December 27, 2021, bringing together teams representing the Atlantic Coast Conference and the American Athletic Conference at Navy-Marine Corps Memorial Stadium in Annapolis, Md. Proceeds from the Bowl benefit the USO. A portion of the proceeds also benefits Patriot Point, the Military Bowl Foundation’s 294-acre retreat for recovering service members, their families and caregivers on Maryland’s Eastern Shore.

Leading up to and on game day, fans at home or in-stadium will be able to play games, earn points and compete for leaderboard rankings to win prizes from a range of well- known sponsor and advertiser brands. To play, fans will scan a provided QR code, or they can click a link featured in the Military Bowl app or on Military Bowl social channels. 

“We are thrilled to bring a new level of fan engagement to college sports. Our partnership with L5 Innovations and Versus Systems, Inc. provides a great tool to advance our fan engagement,” Military Bowl Foundation President & Executive Director Steve Beck said. 

“L5 Innovations is excited for the opportunity to support the men and women of the military through a partnership with the Military Bowl and promote its mission, which benefits the USO and Patriot Point,” said Deana Dalonzo, President of L5 Innovations.

“The Military Bowl does such important work with the USO, Patriot Point, and the Military Bowl Foundation. We are excited to bring as much attention as possible to the work that they’re doing. We are also thrilled to work with the Military Bowl on its fan engagement efforts both in-stadium and at home. With so many fans eager to cheer on their favorite ACC and AAC teams, Versus is excited to help fans to get even closer to the action with rewarding experiences on game day, and in the weeks leading up to the big event,” said Matthew Pierce, CEO of Versus Systems.

For the latest updates, visit militarybowl.org, follow on Twitter and Instagram @MilitaryBowl or like the Military Bowl on Facebook.

About Versus Systems

Versus Systems Inc. has developed a proprietary prizing and promotions engine that allows publishers, developers, and creators of streaming media, live events, broadcast TV, games, apps, and other content to offer real world prizes inside their content. Audiences can choose from among the offered prizes and then complete in-game or in-app challenges to win the prizes.  The Versus platform can be integrated into streaming media, TV, mobile, console, and PC games, as well as mobile apps. For more information, please visit www.versussystems.com or visit the official Versus Systems YouTube channel.

The Military Bowl presented by Peraton, benefiting the USO is the National Capital Region’s college football postseason bowl game broadcast on ESPN and featuring a matchup between teams from the Atlantic Coast Conference and the American Athletic Conference at Navy-Marine Corps Memorial Stadium in Annapolis, Md. Organized by the Military Bowl Foundation, the Bowl’s mission is to benefit our nation’s service members including a partnership with USO-Metro and the operation of Patriot Point, a nearly 300-acre retreat for recovering service members, their families and caregivers on Maryland’s Eastern Shore. For the latest updates, visit militarybowl.org, follow @MilitaryBowl on Twitter and Instagram and like Military Bowl on Facebook! The 2021 Military Bowl kicks off on December 27 at 2:30 p.m. ET. Tickets go on sale Nov. 1 at https://militarybowl.org/tickets.)

About L5 Innovations

L5 Innovations is a strategic marketing development company. They enhance partnership experiences and drive conversions of new audiences, specializing in live events leveraging traditional and non-linear technologies.

For further information, please contact:

Deana Dalonzo, President
Email: [email protected] 

Versus Systems Contact:
Cody Slach and Sophie Pearson
Gateway Investor Relations
949-574-3860
[email protected] 
or
[email protected] 


Disclaimer for Forward-Looking Information 

This news release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, are forward looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward looking statements. These forward-looking statements are based on reasonable assumptions and estimates of management of the Company at the time such statements were made. Actual future results may differ materially as forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to materially differ from any future results, performance or achievements expressed or implied by such forward-looking statements. Although the forward-looking statements contained in this news release are based upon what management of the Company believes, or believed at the time, to be reasonable assumptions, the Company cannot assure shareholders that actual results will be consistent with such forward-looking statements, as there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements and information. There can be no assurance that forward-looking information, or the material factors or assumptions used to develop such forward-looking information, will prove to be accurate. The Company does not undertake any obligations to release publicly any revisions for updating any voluntary forward-looking statements, except as required by applicable law. 



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Recro Signs Renewable Energy Agreement With Georgia Power

Investment in Renewable Energy Credits Represents Key Component of Company’s Ongoing Environmental Sustainability Program

EXTON, Pa., Sept. 21, 2021 (GLOBE NEWSWIRE) — Recro Pharma, Inc. (“Recro”; NASD: REPH), a contract development and manufacturing organization (CDMO) dedicated to solving complex formulation and manufacturing challenges in small molecule therapeutic development, today announced the signing of a renewable energy agreement with Georgia Power under which the company will purchase 1.2 million renewable energy credits (RECs) through Georgia Power’s Simple Solar Program. The RECs purchased by Recro under this agreement support the generation of renewable electricity from low- or zero-emission resources, while also reducing the emissions associated with the company’s electricity use. Today’s announcement is being made in conjunction with Zero Emissions Day, which is celebrated around the world on September 21st each year.

As part of Georgia Power’s Simple Solar Program, a REC is created for every megawatt-hour (MWh) of electricity that is generated and delivered to the power grid from a renewable energy source.  Recro’s RECs purchased contribute toward the equivalent reduction of 937,426 tons of carbon dioxide emissions and serve as a key component of the company’s ongoing environmental sustainability program.

“Recro is committed to environmental sustainability through our active support of programs and initiatives which reduce our company’s impact on the environment. Today’s agreement with Georgia Power to support the generation of green electricity is the latest action that Recro has taken in an effort to more efficiently utilize energy, water and materials, while minimizing waste,” said Erica Raether, Recro’s vice president of people, culture and ESG. “We believe that today’s action will have a meaningful impact as the amount of renewable electricity associated with the 1.2 million RECs purchased from Georgia Power is equivalent to the total annual electricity use of more than 100,000 homes in the U.S.”

To date, Recro has already made significant strides with its robust environmental sustainability program. This program, which includes a number of employee-focused and employee-led initiatives, has resulted in milestones in offsetting its carbon emissions and minimizing its energy and water usage. For example, since its inception in 2019, the environment sustainability program has led to estimated annual savings of more than 1.3 million pounds of carbon dioxide (C02) and 300,000 gallons of water. To learn more about Recro’s environment sustainability program, please visit: www.recrocdmo.com/about/sustainability/.

About Recro

Recro (NASD: REPH) is a bi-coastal contract development and manufacturing organization (CDMO) with capabilities spanning pre-Investigational New Drug (IND) development to commercial manufacturing and packaging for a wide range of small molecule therapeutic dosage forms. With an expertise in solving complex manufacturing problems, Recro is a leading CDMO providing small molecule therapeutic development, end-to-end regulatory support, clinical and commercial manufacturing, aseptic fill/finish, lyophilization, packaging and logistics services to the global pharmaceutical market.

In addition to our experience in handling DEA controlled substances and developing and manufacturing modified release dosage forms, Recro has the expertise to deliver on our clients’ pharmaceutical development and manufacturing projects, regardless of complexity level. We do all of this in our best-in-class facilities, which total 145,000 square feet, in Gainesville, Georgia and San Diego, California.

For more information about Recro’s CDMO solutions, visit recrocdmo.com.

Forward-Looking Statements

This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements, among other things, the Company’s expectations regarding the completion of the proposed public offering, the Company’s use of proceeds from the proposed offering, and other statements. The words “anticipate”, “believe”, “could”, “estimate”, “upcoming”, “expect”, “intend”, “may”, “plan”, “predict”, “project”, “will” and similar terms and phrases may be used to identify forward-looking statements in this press release. Our operations involve risks and uncertainties, many of which are outside our control, and any one of which, or a combination of which, could materially affect our results of operations and whether the forward-looking statements ultimately prove to be correct. Factors that could cause the company’s actual outcomes to differ materially from those expressed in or underlying these forward-looking statements include risks and uncertainties associated with the ongoing economic and social consequences of the COVID-19 pandemic, including any adverse impact on the customer ordering patterns or inventory rebalancing or disruption in raw materials or supply chain; demand for the company’s services, which depends in part on customers’ research and development and the clinical plans and market success of their products; customers’ changing inventory requirements and manufacturing plans; customers and prospective customers decisions to move forward with the company’s manufacturing services; the average profitability, or mix, of the products the company manufactures; the company’s ability to enhance existing or introduce new services in a timely manner; fluctuations in the costs, availability, and suitability of the components of the products the company manufactures, including active pharmaceutical ingredients, excipients, purchased components and raw materials, or the company’s customers facing increasing or new competition. These forward-looking statements should be considered together with the risks and uncertainties that may affect our business and future results presented herein along with those risks and uncertainties discussed in our filings with the Securities and Exchange Commission at www.sec.gov. These forward-looking statements are based on information currently available to us, and we assume no obligation to update any forward-looking statements except as required by applicable law.



Contacts:
Stephanie Diaz (Investors)
Vida Strategic Partners
415-675-7401
[email protected]

Tim Brons (Media)
Vida Strategic Partners
415-675-7402
[email protected]

Ryan D. Lake (CFO)
Recro
770-531-8365
[email protected]

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1847 Goedeker Issues Letter to Stockholders Regarding Leadership Team’s Vision and Strategy

1847 Goedeker Issues Letter to Stockholders Regarding Leadership Team’s Vision and Strategy

ST. CHARLES, Mo.–(BUSINESS WIRE)–
1847 Goedeker Inc. (NYSE American: GOED) (“Goedeker” or the “Company”), one of the largest specialty ecommerce players in the U.S. household appliances market, today issued the below letter, signed by recently-appointed Chief Executive Officer Albert Fouerti, to the Company’s stockholders. As a reminder, Goedeker’s inaugural Annual Meeting of Stockholders (the “Annual Meeting”) is scheduled to be held on Wednesday, November 10, 2021. Further information regarding the Annual Meeting will be set forth in the Company’s notice of the Annual Meeting, proxy statement and other proxy materials. Stockholders are not being asked to take action at this time.

Fellow Stockholder,

I recently accepted the Chief Executive Officer role at 1847 Goedeker Inc. (“Goedeker” or the “Company”) for a simple reason: the Company has a unique opportunity to become the pure play ecommerce leader in the $32 billion U.S. home appliances category. My goal is to build a world-class business that ultimately holds a double-digit share of the category. That is why I am devoting all of my energy and time to implementing the type of strategy that produced years of growth for Appliances Connection, Inc. (“Appliances Connection”) prior to the combination with Goedeker.

With this context in mind, I want to stress that Goedeker is only beginning its pursuit of scale and market leadership. We just closed the Appliances Connection transaction in June and initiated a management transition in August. We are still integrating the two businesses and putting the pieces in place to offer customers unrivaled selection, the most competitive pricing, faster shipping and a differentiated ecommerce experience that allows them to conceptualize appliances in their homes. Our mission is to make it as easy as possible for customers to execute orders through a click of the mouse or a phone call.

Fortunately, we have the right people and the right plan to accelerate the integration and speed up our foundation-building phase. I am confident enough in our prospects that I recently added to my sizable stockholdings by purchasing 330,000 shares on the open market. My interests remain squarely aligned with yours.

In an effort to lay the groundwork for sustainable and profitable growth, our leadership is seeking to replicate the playbook that underpinned Appliances Connection’s success. This includes:

  • Ensuring expansive product selection. Due to our specialization in home appliances and strong relationships with suppliers, we are providing customers expanded access to core, premium and luxury brands. This includes upgraded and environmentally-friendly products as well as more private label offerings. We believe this is a distinct value proposition that will continue to set Goedeker apart from brick-and-mortar retailers and larger ecommerce companies that treat home appliances like one component of a massive product catalog. Although there are near-term inventory headwinds due to supply chain disruptions, we are leveraging our new economies of scale and purchasing power to obtain as much inventory as possible. We expect demand for our products to remain strong for the foreseeable future due to the thriving housing economy.
  • Prioritizing competitive pricing. Thanks to our economies of scale and technology capabilities, we are now offering the minimum advertised price approximately 88%-92% of the time. We believe our consumer-friendly pricing can become even more enticing once supply chain constraints ease and suppliers increase promotions that Goedeker can pass along to customers. We will continue to invest in best-in-class pricing algorithms and the latest insights to adjust pricing in as close to real-time as possible.
  • Providing fast and reliable shipping via a growing fulfillment network. We are in the process of expanding our fulfillment network to provide cost-effective, quicker and more dependable shipping. Given our expanding customer bases in the southeast and southwest, we are identifying well-positioned fulfillment centers in Florida, Texas and California. Our thorough cost-benefit analysis leads us to believe that establishing facilities in these geographies will limit the number of delivery transfers and touches on orders, thereby reducing shipping expenses and minimizing the likelihood of product damage that spurs customer dissatisfaction.
  • Strengthening customer service. We are replicating the Appliances Connection customer care model at Goedeker. This means building a customer care team that is instinctively accommodative and exceptionally well-versed when it comes to our products. Our team is already cutting down on call wait times and improving online response times. We are doing everything in our power to drive lifetime customer loyalty.
  • Maintaining a best-in-class technology stack and digital marketing presence. Since joining the Company, I have been working with our teams to ensure that the integrated Appliances Connection and Goedeker fulfillment network has the very best warehouse management and logistics systems. This will allow us to better track our existing inventory and emerging needs, ultimately helping mitigate margin erosion. We are also optimizing the Company’s front-end technology, including our web properties and pay-per-click marketing programs.
  • Initiating a rebrand that will result in Appliances Connection and Goedeker operating under one brand. We have retained a top marketing agency to help us establish an inviting, memorable brand that can maintain lifetime customer loyalty. Taking this step will allow us to have one website, one marketing strategy and one set of customer analytics. We expect this rebrand to be a strong tailwind for us once it is finalized in early 2022.

Although we guided significant revenue growth for fiscal year 2021 in our August 12th earnings release, our opportunity is long-term in nature. I firmly believe that executing on the aforementioned initiatives in the coming quarters will give us the opportunity to grow sustainably and profitably for years to come. The Board of Directors (the “Board”) and I are committed to seizing meaningful market share – not being a niche player.

I also want to take this opportunity to note that we have been working to strengthen our corporate governance over the past quarter, including by:

  • Appointing Ellery W. Roberts, who is a meaningful stockholder, as Executive Chairman. Ellery, who possesses significant capital markets acumen and strategic planning experience, is the ideal partner for our management team. He is actively involved in our capital allocation decisions and efforts to unlock post-transaction business efficiencies. His willingness to assume a larger role as Executive Chairman allows the management team to devote more of its time to accretive, revenue-generating actions.
  • Adding Alan P. Shor as a director. Alan, who has significant specialty retail experience, previously drove an impressive turnaround at Zales Corporation. He subsequently co-founded the Retail Connection, which is a specialized banking and advisory firm for retailers. He has been a tremendous asset to the management team since joining the Board this past summer.
  • Carrying out an ongoing refresh of the Board. The Board’s Nominating and Governance Committee has been working to identify new directors with experience in ecommerce, home appliances, fulfillment and the capital markets. We are working to appoint individuals with skillsets aligned to our greatest needs and opportunities. The search process is well underway and includes input from our stockholders, and we expect to add new directors in the near-term.

We look forward to receiving continued feedback from stockholders – both large and small – on our strategy and efforts to strengthen the Company’s corporate governance. What we do not welcome, however, is the costly, disruptive and unwarranted activist campaign recently initiated by Kanen Wealth Management (“Kanen”). You may be aware that Kanen has publicly nominated five director candidates and is seeking to obtain control of the Board and, in turn, your Company. It is disappointing that Kanen insists on running this type of potentially destabilizing campaign after claiming to support my appointment as Chief Executive Officer and while the Company is running a publicly-disclosed Board refreshment process that has taken into account stockholder input.

I look forward to engaging with you in the weeks leading up to the Company’s Annual Meeting of Stockholders about our Board, the business and the significant opportunities ahead of us under my leadership.

Thank you for your investment in Goedeker and for your consideration and support.

Sincerely,

Albert Fouerti

Chief Executive Officer and Director

1847 Goedeker Inc.

About Goedeker

Goedeker is an industry leading e-commerce destination for appliances, furniture, and home goods. Through its June 2021 acquisition of Appliances Connection, Goedeker created one of the largest pure-play online retailers of household appliances in the United States. With warehouse fulfillment centers in the Northeast and Midwest, as well as showrooms in Brooklyn, New York, and St. Louis, Missouri, Goedeker offers one-stop shopping for national and global brands. We carry many household name-brands, including Bosch, Cafe, Frigidaire Pro, Whirlpool, LG, and Samsung, and also carry many major luxury appliance brands such as Miele, Thermador, La Cornue, Dacor, Ilve, Jenn-Air and Viking among others. We also sell furniture, fitness equipment, plumbing fixtures, televisions, outdoor appliances, and patio furniture, as well as commercial appliances for builder and business clients. Learn more at www.Goedekers.com.

Important Additional Information

The Company, its directors and certain of its executive officers will be deemed to be participants in the solicitation of proxies from the Company’s stockholders in connection with the Annual Meeting of Stockholders (the “Annual Meeting”). Information regarding the names of the Company’s directors and executive officers and their respective interests in the Company by security holdings or otherwise is set forth in the Company’s Form 1 Registration Statement, as amended (collectively, the “S-1”), initially filed with the U.S. Securities and Exchange Commission (the “SEC”) on May 3, 2021, and amended on each of May 13, 2021, May 24, 2021 and May 25, 2021. To the extent holdings of the Company’s securities have changed since the amounts set forth in the Company’s S-1, such changes have been reflected on Initial Statements of Beneficial Ownership on Form 3 or Statements of Change in Ownership on Form 4 or Annual Statement of Changes in Beneficial Ownership of Securities on Form 5 filed with the SEC. These documents are available free of charge at the SEC’s website at www.sec.gov. Information can also be found in the Company’s Annual Report on Form 10-K for the year ended December 31, 2020 on file with the SEC. The Company intends to file a definitive proxy statement and a BLUE proxy card with the SEC in connection with any such solicitation of proxies from the Company’s stockholders. STOCKHOLDERS OF THE COMPANY ARE STRONGLY ENCOURAGED TO READ SUCH PROXY STATEMENT, ACCOMPANYING BLUE PROXY CARD AND ALL OTHER DOCUMENTS FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE, AS THEY WILL CONTAIN IMPORTANT INFORMATION. The Company’s definitive proxy statement for the Annual Meeting will contain information regarding the direct and indirect interest, by securities holding or otherwise, of the Company’s directors and executive officers in the Company’s securities. If the holdings of the Company’s securities change from the amounts provided in the Company’s definitive proxy statement, then such changes will be set forth in SEC filings on Form 3, 4, and 5. Updated information regarding the identity of potential participants, and their direct or indirect interests, by security holdings or otherwise, will be set forth in the definitive proxy statement and other materials to be filed with the SEC in connection with the Annual Meeting. Stockholders will be able to obtain the definitive proxy statement, any amendments or supplements to the proxy statement and other documents filed by the Company with the SEC at no charge on the SEC’s website at www.sec.gov. Copies will also be available at no charge on the Company’s website at www.goedekers.com.

For Stockholders:

Goedeker Investor Relations

[email protected]

or

Morrow Sodali

Mike Verrechia, 800-662-5200

[email protected]

For Media:

MKA

Greg Marose / Charlotte Kiaie, 646-386-0091

[email protected]

KEYWORDS: United States North America Missouri

INDUSTRY KEYWORDS: Home Goods Online Retail Luxury Retail Specialty

MEDIA: